Mozambique: January inflation was 1.8 per cent – AIM

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Mozambique: January inflation was 1.8 per cent – AIM

11:31 CAT | 12 Feb 2021

File photo: Lusa

– Inflation in Mozambique in January was 1.18 per cent, according to the National Statistics Institute (INE), basing its figures on the consumer price indices from the three largest cities, Maputo, Nampula and Beira.

The yearly inflation rate (1 February 2020 to 31 January 2021) was 4.09 per cent.

The main price increases noted in January were for tomatoes (12.4 per cent), coconuts (18.7 per cent), cabbage (11 per cent), vegetable oil (6.1 per cent), dried fish (5.5 per cent), and unprocessed rice (3.8 per cent).

But several other foodstuffs fell in price during the month. The price of lemons fell by 28 per cent, of fresh cassava by 15.6 per cent, of onions by 6.4 per cent, of fresh prawns by 6.3 per cent, of sweet potato by 5.1 per cent, and of live chickens by 2.6 per cent.

Of the three cities, Beira experienced the highest inflation rate in January, of 2.09 per cent, followed by Nampula (1.13 per cent) and Maputo (0.87 per cent).

This rate of inflation is considerably higher than in the previous two years. In 2020, the January inflation rate was 0.63 per cent, and in 2019, it was 0.65 per cent.

The annual inflation rate of 4.09 per cent is the highest it has been since November 2018, although it is still much lower than the rates of over 20 per cent registered in much of 2017.

Source: AIM